There are many unanswered questions about the government’s Nature Restoration Fund

James Clark_Foot Anstey-Photoroom

Ministers plan to create a new fund as a way for developers to meet their environmental obligations without slowing down housebuilding, writes James Clark. But how will it work and will it be successful?

Building 1.5 million homes in England and fast-tracking planning decisions on at least 150 major economic infrastructure projects are milestones in the government’s “plan for change.” Against that backdrop, the government has announced that a new Nature Restoration Fund will be set up to help developers meet their environmental obligations. The government’s ‘common sense changes’ aim to unblock housing and infrastructure projects while supporting nature recovery.

These proposals sit alongside those set out in the government’s planning reform working paper: Development and Nature Recovery. The working paper proposes addressing environmental impacts strategically and envisages a strategic assessment and delivery plan for an area. Public bodies would then be responsible for delivering the strategic actions identified in the delivery plan funded by financial payments made by developers. The working paper suggests that for developers, they could pay into the fund allowing them to proceed immediately. Only environmental harms not dealt with by the delivery plan would need to be mitigated on site.

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

  • Breaking industry news as it happens
  • Gain access to Housing Today’s Specialist CPD modules
  • Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now